Bitcoin Price Explosion Leads to Altcoin Price Drop
Litecoin is one of the many altcoins whose prices have fallen over the past 24 hours. On Tuesday, the bitcoin price rallied, passing the $400 threshold and reaching $426.08 at press time. The bitcoin price increase has had a negative effect on altcoin prices. Most of the top altcoins have experienced price decreases in the past 24 hours. Bitcoin Price Explosion Leads to Altcoin Price Drop. The bitcoin price rose more than 16% on Tuesday, increasing bitcoin's market cap to ~$5.75 billion. Most altcoin prices are tied to the bitcoin price because bitcoin is the primary trading pair for....
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The recent altcoin price uptrend has injected large amounts of capital into several privacy-centric coins competing with Darkcoin to become the currency of choice for those who wish to engage in both commerce and communication without publicly revealing their identities. At the forefront of this rally is the XCurrency price, but several smaller altcoins such as Shadowcoin have experienced significant price boons as well. XCurrency Leads Privacy-Centric Coin Price Rally. XCurrency is one of many coins vying for the top spot among privacy-centric coins. While Darkcoin currently leads the....
On a day when the price of Bitcoin and many altcoins fell, the Blackcoin price has exploded due to increased trading volume on the Chinese exchange BTC38. CCN examines this altcoin price update to help traders make informed investing decisions. Blackcoin Price Blasts Off. 24-Hour Blackcoin Price Chart from CoinGecko. Just last week, CCN profiled Blackcoin's the moderate price rise which pulled the altcoin out of a significant price downtrend. On September 11-when CCN last examined the Blackcoin price-the coin was valued at 9,736 satoshis, a 14% rise over the previous day. The Blackcoin....
The XRP price saw a rapid increase alongside the rest of the crypto market over the weekend, bringing its price finally above the $0.53 mark. Amid this increase in price has emerged a pattern that suggests what might be going on with the altcoin. Real Volume Amid XRP Price Rally In the real volume chart […]
Sunday's bitcoin price panic caused altcoin market caps to evaporate and made most altcoin prices drop as well. The litecoin price bore the brunt of the market's wrath, falling 7% and dropping the Litecoin market cap by almost $8 million in a single day. However, the bitcoin price recovered, which in turn inflated many altcoin prices to previous levels. Nevertheless, although litecoin's market cap grew by 5%, its bitcoin trading pair price failed to recover. Also Read: Bitcoin Price Decline Makes Altcoin Market Caps Bleed. Litecoin Price Fails to Rebound from Bitcoin Price Panic. Monday's....
The altcoin market crashed as Bitcoin achieved a new all-time high and made its way towards $50,000. Altcoins plunged steeply on Feb. 14 after the price of Bitcoin (BTC) achieved a new all-time high above $49,000.The timing of the altcoin market’s drop was noteworthy because it corrected as BTC was rallying, which typically does not happen.So why exactly did altcoins crash?There are two main reasons why the altcoin market pulled back despite the strength of the dominant cryptocurrency.First, when the price of Bitcoin rallied to a new record-high, it sucked out most of the volume in the....